By Pramugdha Mamgain
The fund attracted investments from endowment funds, family offices, pension funds, sovereign wealth funds, fund-of-funds and foundations.
The business will invest in startups in areas such as artificial intelligence, automation, big data, blockchain, cyber security, digital assets and regulatory technology.
Infinity Ventures’ $120 million fourth fund, which it started raising in June, is on track to close by end-2018.
Alliance Ventures is the corporate venture capital fund of Renault-Nissan-Mitsubishi Alliance.
Founded by Dave Cho and Jaesang Yoo in 2012, Classting has so far raised over $12 million in funding from five rounds.
Elawoman, a data-driven fertility platform, has raised $3 million in a Series A funding round co-led by Chiratae Ventures (formerly IDG Ventures India) and Alkemi Venture Partners.
This marks Fosun’s second investment in India’s logistics sector after it backed Gurgaon-based logistics major Delhivery in March last year.
Gobi Partners has pledged to invest $50 million by 2020 as part of the initiative.
Innov8 operates 13 workplaces across the National Capital Region (NCR), Mumbai, Bengaluru and Chandigarh.
The fund is backed by Apollo Hospitals, Jungle Ventures, Eight Roads Ventures, the proprietary investment arm of Fidelity International, and other private investors.